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Senior Associate - Middle Office - Derivatives

Apply REF: MO 000795

Job Description – UK


Note to Hiring Manager:

In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.

Job Title:

Associate level 1/Senior Associate

Date:

14/06/2019

Department:

UK derivatives

Location:

Chennai

Business Line / Function:

AFS

Reports to:

(Direct)

Assistant Manager

Grade:

(if applicable)

(Functional)

Assistant Manager

Number of Direct Reports:

NA

Directorship / Registration:

Directorship

 

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.

“UK derivatives” is a department in BNP Paribas GSO that will provide back office and middle office services to Asset managers and Institutional clients. Services provided UK derivatives team will be trade capture, costing and settlement, margin settlements, reconciliation and investigations.

The Associate /Associate Level 1 will be a member of UK derivatives team, who will be engaged in Reconciliation of derivative trades, positions and cash movements with counterparty statements and resolving trade/cash-related exceptions/breaks.



Responsibilities

Direct Responsibilities

 

 

-  Reconciling ETD positions and cash to clearing brokers.

-  Reconciling CFD positions and cash to prime brokers.

-  Investigating and resolving custodian cash exceptions for all 3 product classes.

-  Escalating exceptions to appropriate processing team for resolution.

-  Reporting of exceptions in line with internal control and external client requirements.

 

Contributing Responsibilities

Escalating exceptions to appropriate processing team for resolution.

Reporting of exceptions in line with internal control and external client requirements.

Technical & Behavioral Competencies

Knowledge on Products

·         ETD – Futures and options on all major exchanges globally.

·         OTC – Swaps ﴾IRS, CDS, CDX, Overnight Index, Inflation and Total Return﴿, Swaptions, Options.

·         CFD – Single-name, cross-currency, index.

Knowledge and skills required

·         Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

·         Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

·         Proficient in Microsoft Office Applications and strong MS Excel skills required.

·         Experience of operations in a Fund Management, Custody or Hedge Fund environment.

·         Extensive experience of working within Derivative operations.

·         Thorough understanding of all Derivative product classes.

Job specific competencies

·         Client Focus

·         Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.

Communication

·         Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience. Written: Expressing ideas clearly in all written documents.

·         Using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.

Team Work

·         Work effectively with team members to accomplish goals,

·         Respect the needs of others and displays integrity in dealing with team members.

·         Continuous Improvement and adaptation

·         Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.

·         Always looks for ways to improve services and processes.

Specific Qualifications (if required)

        

Skills Referential    

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Client focused

Creativity & Innovation / Problem solving

Choose an item.

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Choose an item.

Choose an item.

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)

 



Job Description – UK


Note to Hiring Manager:

In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.

Job Title:

Associate level 1/Senior Associate

Date:

14/06/2019

Department:

UK derivatives

Location:

Chennai

Business Line / Function:

AFS

Reports to:

(Direct)

Assistant Manager

Grade:

(if applicable)

(Functional)

Assistant Manager

Number of Direct Reports:

NA

Directorship / Registration:

Directorship

 

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.

“UK derivatives” is a department in BNP Paribas GSO that will provide back office and middle office services to Asset managers and Institutional clients. Services provided UK derivatives team will be trade capture, costing and settlement, margin settlements, reconciliation and investigations.

The Associate /Associate Level 1 will be a member of UK derivatives team, who will be engaged in Reconciliation of derivative trades, positions and cash movements with counterparty statements and resolving trade/cash-related exceptions/breaks.



Responsibilities

Direct Responsibilities

 

 

-  Reconciling ETD positions and cash to clearing brokers.

-  Reconciling CFD positions and cash to prime brokers.

-  Investigating and resolving custodian cash exceptions for all 3 product classes.

-  Escalating exceptions to appropriate processing team for resolution.

-  Reporting of exceptions in line with internal control and external client requirements.

 

Contributing Responsibilities

Escalating exceptions to appropriate processing team for resolution.

Reporting of exceptions in line with internal control and external client requirements.

Technical & Behavioral Competencies

Knowledge on Products

·         ETD – Futures and options on all major exchanges globally.

·         OTC – Swaps ﴾IRS, CDS, CDX, Overnight Index, Inflation and Total Return﴿, Swaptions, Options.

·         CFD – Single-name, cross-currency, index.

Knowledge and skills required

·         Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

·         Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

·         Proficient in Microsoft Office Applications and strong MS Excel skills required.

·         Experience of operations in a Fund Management, Custody or Hedge Fund environment.

·         Extensive experience of working within Derivative operations.

·         Thorough understanding of all Derivative product classes.

Job specific competencies

·         Client Focus

·         Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.

Communication

·         Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience. Written: Expressing ideas clearly in all written documents.

·         Using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.

Team Work

·         Work effectively with team members to accomplish goals,

·         Respect the needs of others and displays integrity in dealing with team members.

·         Continuous Improvement and adaptation

·         Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.

·         Always looks for ways to improve services and processes.

Specific Qualifications (if required)

        

Skills Referential    

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Client focused

Creativity & Innovation / Problem solving

Choose an item.

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Choose an item.

Choose an item.

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)

 


Primary Location: IN-TN-ChennaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 1 yearSchedule: Full-time